NASDAQ:STX - Nasdaq - IE00BKVD2N49 - Common Stock
STX earnings call for the period ending December 31, 2024.
While the top- and bottom-line numbers for Seagate (STX) give a sense of how the business performed in the quarter ended December 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Seagate (STX) delivered earnings and revenue surprises of 7.98% and 0.64%, respectively, for the quarter ended December 2024. Do the numbers hold clues to what lies ahead for the stock?
Data storage manufacturer Seagate (NASDAQ:STX) met Wall Street’s revenue expectations in Q4 CY2024, with sales up 49.5% year on year to $2.33 billion. On the other hand, next quarter’s revenue guidance of $2.1 billion was less impressive, coming in 4.9% below analysts’ estimates. Its non-GAAP profit of $2.03 per share was 8.1% above analysts’ consensus estimates.
On average, analysts expect Seagate to report non-GAAP earnings per share of $1.88 and revenue of $2.32 billion.
Seagate stock gained ahead of its earnings report Tuesday, after Morgan Stanley named Seagate stock a top hardware pick, replacing Apple.
Seagate introduces hard drives with up to 36TB capacity, using the innovative Mozaic 3+ platform and advanced HAMR technology.
Seagate Technology Holdings plc (NASDAQ:STX) will release its second-quarter financial results, after the closing bell, on Tuesday, Jan. 21, 2025. Analysts expect the Singapore-based company to report quarterly earnings at $1.88 per share, up sharply from 12 cents per share in the year-ago period. Seagate projects quarterly revenue of $2.32 billion, compared to $1.55 billion a year earlier, according to data from Benzinga Pro. On Jan. 16, Wells Fargo analyst Aaron Rakers maintained Seagate with
Seagate offers an annual dividend yield of 2.95%. So, how can investors exploit its dividend yield to pocket a regular $500 monthly?
Data storage manufacturer Seagate (NASDAQ:STX) will be announcing earnings results tomorrow afternoon. Here’s what investors should know.
Data storage manufacturer Seagate (NASDAQ:STX) will be announcing earnings results tomorrow afternoon. Here’s what investors should know.
Seagate is scheduled to report its fiscal year 2025 second-quarter results after the market closes on Tuesday.
Healthy market demand, strategic efforts and strong outlook make STX a compelling investment opportunity.
"Mad Money" host Jim Cramer rings the lightning round bell, which means he's giving his answers to callers' stock questions at rapid speed.